The aquafeed industry is facing a global slowdown that is forcing companies to implement new strategies to broaden their value proposition in order to succeed, according to a new report by Rabobank.
The aquaculture feed industry has experienced years of exponential growth based on an increase in the production of farmed fish and a bullish outlook for aquaculture, and was for decades one of the most attractive niches of the global food and agriculture industry, the report says.
However, for different reasons, the feed suppliers are seeing a lessening demand for several key aquaculture species, including salmon, tilapia, pangasius and shrimp.
